by cpiwebdesign | Feb 23, 2016 | Uncategorized
The May 2, 2016 deadline to file your 2015 personal income tax return is quickly approaching. As a result of changes in tax laws and the ever-increasing complexity in preparing personal tax returns, please gather your required tax information(as outlined in the...
by cpiwebdesign | Dec 15, 2015 | Uncategorized
Personal tax rates On December 7, 2015, Finance Minister Bill Morneau introduced changes to various personal tax rates by way of a Notice of Ways and Means Motion. Effective January 1, 2016, the personal tax rate on income between $45,283 and $90,563 will decrease...
by cpiwebdesign | Nov 25, 2015 | Uncategorized
It now appears that the recently elected Federal Government will introduce their new personal income tax measures as promised. These include: Reducing the second lowest personal tax rate to 20.5% from 22%; Increasing the personal tax rate on income over $200,000 to...
by cpiwebdesign | Oct 15, 2015 | Uncategorized
It is often said that the long-term success of a business depends largely upon the ‘forward thinking’ of its owners and managers. Unfortunately, many of these leaders claim to be too busy to devote the necessary time required to look objectively at their business. We...
by cpiwebdesign | Sep 17, 2015 | Uncategorized
Effective January 1, 2014, the amount of annual Ontario payroll that may be exempt from Employer Health Tax (EHT) is increased from $400,000 to $450,000. This exemption is eliminated for private-sector employers with annual Ontario payrolls over $5 million. Registered...
by cpiwebdesign | Mar 25, 2015 | Uncategorized
On occasion, taxpayers may receive either by telephone, mail and/or email, a communication that claims to be from the Canada Revenue Agency (CRA). In all of these cases, any communication that requests personal information, such as a social insurance, credit card,...
